Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-08-30
STILL CLIMBING.
THE ROOM IN REAL ESTATE
STILL INCREASING.

The Winters Tract Sold for $780,
OOO-An Increased Demand
Values Advancing.
The advance in real estate prices and the
rush to secure bargains, which was COM
! menced in this city last week, opened with
renewed yigor yesterday morning and the
real estate offices and sidewalks in front OF
them were crowded all day yesterday. As
fast as property was offered for sale those
purchasing options were ready with their
| deposits, and there was a scramble to see
who could secure the best bargains, while
those paying all cash launched out the
money as fast as property which suited
| their fancy was put up. The buyers were
| far in excess of sellers. The boom came
| upon Sacramento unexpectedly the real
estate agents were not loaded with prop
erty. and since land has taken such an up
| ward tendency those heretofore DESTROYS of
disposing of their lands have either with
drawn them entirely from sale or run them
| up to prices far beyond anything hereto
| fore heard of in this section. While hun
] dreds of small sales were made there was
but
ONE SALE OF 100000.
The Theodore Winters farm of 1000
acres, located several miles south of this
city, was sold for S100,00 cash, the pur-
chasers being Frederick Cox, George c.
Perkins, n. D. Rideout and others. This
was not an option sale, neither is it one of
| speculation, for it is not to be resold. Mr..
| Winters was paid SIS 900 in cash to bind
the bargain, and is to receive the balance
| on making the deed.
I The number of small buyers upon the
street yesterday was astonishing. Every
man in town was endeavoring to make of
himself real estate agent, and every indi-
vidual who owned piece of unimproved
property was asked to name his price. No
| matter what he asked there was some one
ready to take it and put up $40, $40 and, in
some instances, $780, to bind the bargain.
Many of these were quickly disposed of at
a good profit and in some instances the
property changed hands several times
Even the ladies were out with their "pin
money" and several of them proved very
successful optionists, two of them clean
ing up yesterday over 800.
THE cLUYIE OPERA HOUSE PROPERTY.
1t was rumored last night that the Clunie
Block had been bonded for $4,000, and
that the City Hotel had changed hands.
The q solid men who were at the sea-
side and springs are returning by every
train and some of the heaviest Los An
geles capitalists are already on the ground
A gentleman in this city received two let
tiers from Orange last night inclosing two
large checks, with orders to invest it in city
property and call for more by telegraph.
This letter says: The boom is busted
down here, because the prices asked are so
extravagahtly high that investments are
simply throwing money away. Sacra-
mento is the best location in the State COM
| mercially, her lands are superior, and the
boom there will be permanent. A man
who gets in now is safe, and there will be
millions invested in that location within
the next sixty days" The announcement
that charter for street railway out J to
Thirty-first and to on Ninth, caused an
appreciation in values along the proposed
line of route.
That the people are not prepared for this
boom is felt on every hand on account of
there being so few sellers. 1t shows the
faith the people have in their own section.
Real estate dealers were out
SECURING THE COUNTRY
Yesterday for lots to sell, and no doubt the
market to-day will have more bargains
than yesterday. As soon as the big tracts
that are to be sold in small lots are sur
veyed the sales will double and triple.
1t is pleasing to note the bright and
beaming countenances everywhere en-
countered especially among business men.
Mayor Gregory is the proudest man in
the city, and says that this is only drop
in the bucket of what must surely follow"
He says our fruit is what does it. Last
year 1000 cars of California fruit went
East, and of that number 920 were shipped
from Sacramento.
Albert Gallatin was yesterday offered
49,, 900 for the Arcade building, but his
price is $4,000.
Sixty acres of the Sargent tract sold for
1882 per acre.
The block F and G, Twenty eighth and
Twenty-ninth streets, was put on sale in
small lots yesterday and Immediately COB
bled up.
A man bought an option on lot near
Agricultural! Park yesterday, paying 500
for it. A "silurian" shook his head and
said Money thrown away young man."
The optionist did not think so, for in
less than an hour he had sold ont at clean
profit of 500.
OTHER BooMs.
DIXON, August 29th-The boom is re-
ceiving fresh impetus here. A large list
of property is being bonded. There were
sales to-day of several large ranches.
Property has increased in value al least
thirty per cent. since July LIST. Place has
been engaged at the State Fair for display
ing Solano county products. Three real
estate firms report business rushing and
they intend booming northern Solano
more widely to strangers. There is talk
of forming company for the building of
a big hotel here.
STOCKTON, August 29th.-The transac-
lions IN real estate here to-day aggregated
| more than $4,000. syndicate of San
Francisco and Stockton capitalists pur-
chased a tract of 100 acres on the western
city border for $4,000. Real estate dealers
are here from Los Angeles, and business is
rushing.
SAN JOSE, August 29th.-"I is wonder
full how it keeps up" is the remark of real
estate men referring to the boom. The
fourth week of a phenomenally active mar
ket begins with to-day and still there is
no let up, though there is less noise and
hustle than at first. Transactions are not
so numerous as at first, but better class
of property is handled, and the totals do
not diminish. The market is also more
sober, and comparatively few are now con-
tent to trust to maps and verbal descrip-
short, business is being done on business
basis.
YREKA, August 29th.-Edson Bros have
purchased the famous Shovel Creek Spring
property for $42, 600.
NAPA, August 29th.-The boom has set
| In in earnest, and land is taken almost as
soon as ',ffered. Sunday and to- day were
lively, AMI large sales are reported.
MERcEI, August 29th.-W. c. Richie last
Saturday sold 240 acres of land northwest
of town to syndicate for S65 per acre.
Other salts during the week were reported,
aggregatirlg $4,000. Land is rising in
valtle RAP idly Tracts northwest of town,
that coulcshav been bought for $50 an
acre two months ago, are now held at $50
REDWOOD CITY, August 29th.-Real
estate in this vicinity is still booming.
Since last Saturday S15S,0OO worth of land
| in and about town has changed hands.
| GILRoY, August 29th-Y esterday needed
rest was tlken by land operators, although
| the sacredness of the day did not prevent
some notable transactions. The entire race
track PROF erty, comprising many hundred
acres, was bonded for subdivision into town
1 lots